Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. ABM Industries Inc shares valued at $528,369 were sold by JACOBSEN RENE on Feb 03 ’25. At $52.84 per share, JACOBSEN RENE sold 10,000 shares. The insider’s holdings dropped to 87,808 shares worth approximately $3.9 million following the completion of this transaction.
Also, JACOBSEN RENE purchased 10,000 shares, netting a total of over 528,369 in proceeds.
Before that, CHIN DEAN A had sold 4,281 shares from its account. In a trade valued at $224,136, the SVP – Chief Accounting Officer traded ABM Industries Inc shares for $52.36 each. Upon closing the transaction, the insider’s holdings decreased to 4,281 shares, worth approximately $0.83 million.
As published in their initiating research note from Truist on November 13, 2023, ABM Industries Inc [ABM] has been a Hold and the price target has been revised to $43. Analysts at Deutsche Bank downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in early September. As of September 07, 2023, William Blair has decreased its “an Outperform” rating to a “Mkt perform” for ABM. Earlier on June 01, 2023, UBS initiated its rating. Their recommendation was “a Neutral” for ABM stock.
Analyzing ABM Stock Performance
During the last five days, there has been a drop of approximately -4.64%. Over the course of the year, ABM Industries Inc shares have dropped approximately -13.31%. Shares of the company reached a 52-week high of $54.90 on 03/07/25 and a 52-week low of $40.85 on 04/09/25. A 50-day SMA is recorded $50.20, while a 200-day SMA reached $52.59.
Support And Resistance Levels for ABM Industries Inc (ABM)
According to the 24-hour chart, there is a support level at 42.90, which, if violated, would cause prices to drop to 41.42. In the upper region, resistance lies at 45.37. The next price resistance is at 46.36. RSI (Relative Strength Index) is 39.25 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.46, which suggests the price will decrease in the coming days. Percent R is at 58.93%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
